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Trading & Orders

What is the difference between market and pending orders?

What is the difference between market and pending orders?

The main difference is how and when the trade is executed.

  • Market order: executed instantly at the current price.
  • Pending order: executed later if or when the price reaches a price level you specify.

Simple comparison

  • Market order: enter the trade now
  • Pending order: enter the trade at a specific price

When to use each

  • Use a market order when you want to enter immediately
  • Use a pending order when you are waiting for a specific price level

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